Ordinary Shares and Equity Incentive Plan (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Schedule of Stock by Class |
We have the following ordinary shares reserved for future issuance: | | | | | | | | | | | | | As of December 31, | | 2025 | | 2024 | Warrants issued to customers | 499,500 | | | 499,500 | | | Share options and RSUs issued and outstanding under the 2013 Plan | 9,590,835 | | | 12,892,506 | | | Share options and RSUs issued and outstanding under the 2021 Plan | 13,095,118 | | | 14,488,408 | | | Remaining shares available for future issuance under the 2021 Plan | 12,733,513 | | | 12,928,337 | | | Total ordinary shares reserved | 35,918,966 | | 40,808,751 |
|
| Share-based Payment Arrangement, Option, Activity |
A summary of share options under our equity incentive plan and related information is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Share Options Outstanding | | Outstanding Share Options | | Weighted-Average Exercise
Price | | Weighted-Average Remaining Contractual Life (Years) | | Aggregate Intrinsic
Value | | (in thousands, except share, life and per share data) | | Balance as of December 31, 2024 | 7,946,639 | | | $ | 2.49 | | | 4.6 | | $ | 18,280 | | | Options exercised | (2,645,197) | | | $ | 1.94 | | | | | | | Options forfeited | (22,839) | | | $ | 5.50 | | | | | | | Balance as of December 31, 2025 | 5,278,603 | | | $ | 2.74 | | | 3.8 | | $ | 12,087 | | | Exercisable as of December 31, 2025 | 5,243,915 | | | $ | 2.74 | | | 3.8 | | $ | 12,044 | |
|
| Schedule of Unvested Restricted Stock Units Roll Forward |
A summary of RSU activity, including activity under our equity incentive plan, and related information is as follows: | | | | | | | | | | | | | Number of Shares | | Weighted-Average
Grant-Date Fair Value
Per Share | Unvested as of December 31, 2024 | 19,434,183 | | | $ | 7.49 | | Granted | 8,587,279 | | | $ | 5.14 | | Vested(1) | (8,264,607) | | | $ | 6.46 | | Forfeited | (2,349,505) | | | $ | 5.22 | | Unvested as of December 31, 2025 | 17,407,350 | | | $ | 7.13 | |
(1)A portion of the shares that vested were withheld by us to satisfy the tax obligations of the recipients. During the year ended December 31, 2025, a total of 1,989,883 RSUs were canceled to satisfy tax obligations, resulting in net issuance of 6,274,724 Class A ordinary shares.
|
| Disclosure of Share-based Compensation Arrangements by Share-based Payment Award |
Share-based compensation expense by line item in the consolidated statements of operations is summarized as follows: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | (in thousands) | | Cost of revenue | $ | 738 | | | $ | 765 | | | $ | 770 | | | Research and development | 12,621 | | | 13,061 | | | 13,152 | | | Sales and marketing | 16,013 | | | 18,506 | | | 19,420 | | | General and administrative | 22,254 | | | 25,499 | | | 29,068 | | | Total share-based compensation expense | $ | 51,626 | | | $ | 57,831 | | | $ | 62,410 | |
|